HSHP revenueFY2025$131.90M
- FY YoY
- +6.7%
HSHP revenue was $131.90M for fiscal 2025 (ended Dec 31, 2025), up 6.7% from fiscal 2024.
Himalaya Shipping Ltd. (HSHP) financials
For fiscal 2025 (ended Dec 31, 2025), Himalaya Shipping Ltd. reported $131.90M of revenue and $17.70M of net income.
- Revenue, FY2025
- $131.90M
- Revenue growth, YoY
- +6.7%
- Net income, FY2025
- $17.70M
- Net income growth, YoY
- -16.1%
- Net margin
- 13.4%
- EPS, diluted, FY2025
- $0.38
- EPS growth, YoY
- -20.8%
- Cash
- $32.40M
- Total debt
- $689.20M
- P/E
- 40.75
- P/S
- 5.47
- Market cap
- $721.4M
FY2022FY2025
FY2022FY2025
HSHP revenue and earnings growth
HSHP net incomeFY2025$17.70M
- FY YoY
- -16.1%
HSHP net income was $17.70M for fiscal 2025 (ended Dec 31, 2025), down 16.1% from fiscal 2024.
HSHP EPSFY2025$0.38
- FY YoY
- -20.8%
HSHP diluted EPS was $0.38 for fiscal 2025 (ended Dec 31, 2025), down 20.8% from fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $131.90M | $123.60M | $36.70M | $0 |
| Cost of revenue | $28.00M | $23.80M | $8.60M | $0 |
| Gross profit | $103.90M | $99.80M | $28.10M | $0 |
| Selling, general and admin | $4.90M | $5.00M | $3.80M | $1.97M |
| Operating income | $68.20M | $66.70M | $14.60M | -$1.97M |
| Interest expense | $51.40M | $46.60M | $13.60M | $0 |
| Income tax | $0 | $0 | $0 | $0 |
| Net income | $17.70M | $21.10M | $1.50M | -$1.95M |
| EPS, basic | $0.38 | $0.48 | $0.04 | -$0.06 |
| EPS, diluted | $0.38 | $0.48 | $0.04 | -$0.06 |
| Diluted shares | 46.0M | 43.9M | 38.6M | 32.2M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | $32.40M | $19.40M | $25.50M | $300.0K |
| Receivables | $700.0K | $1.20M | $811.0K | $0 |
| Inventory | $1.70M | $1.50M | $634.0K | $0 |
| Current assets | $39.70M | $26.80M | $32.81M | $1.67M |
| Total assets | $863.90M | $880.10M | $599.21M | $177.81M |
| Current liabilities | $36.60M | $35.80M | $25.30M | $26.05M |
| Short-term debt | $23.60M | $24.30M | $19.80M | $7.00M |
| Long-term debt | $665.60M | $689.60M | $419.70M | $60.44M |
| Total debt | $689.20M | $713.90M | $439.50M | $67.44M |
| Total liabilities | $702.20M | $725.40M | $445.00M | $87.49M |
| Shareholders' equity | $161.70M | $154.70M | $154.20M | $90.40M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | $51.70M | $55.90M | $6.40M | -$1.45M |
| Investing cash flow | $0 | -$313.40M | -$413.00M | -$78.20M |
| Financing cash flow | -$38.70M | $251.40M | $431.80M | $68.62M |
| Dividends paid | $26.90M | $20.60M | $0 | $0 |
| Stock-based compensation | $200.0K | $500.0K | $500.0K | $401.0K |
| Depreciation and amortization | $29.20M | $26.50M | $9.10M | $0 |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | 6.7% | 236.8% | - | - |
| Net income growth, YoY | -16.1% | 1306.7% | - | - |
| EPS growth, YoY | -20.8% | 1100.0% | - | - |
| Gross margin | 78.8% | 80.7% | 76.6% | - |
| Operating margin | 51.7% | 54.0% | 39.8% | - |
| Net margin | 13.4% | 17.1% | 4.1% | - |
| Return on equity | 10.9% | 13.6% | 1.0% | -2.2% |
| Return on assets | 2.0% | 2.4% | 0.3% | -1.1% |
| Current ratio | 1.08 | 0.75 | 1.30 | 0.06 |
| Debt to equity | 4.26 | 4.61 | 2.85 | 0.75 |
Source: XBRL data Himalaya Shipping Ltd. files with the SEC, latest filing dated Mar 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
HSHP peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HSHP | $131.90M | +6.7% | $17.70M | 13.4% | $721.4M |
| GD | $56.52B | +9.7% | $4.66B | 8.2% | $95.67B |
| RCL | $19.13B | +9.7% | $4.55B | 23.8% | $87.50B |
| CCL | $27.59B | +5.2% | $3.14B | 11.4% | $39.77B |
| VIK | $6.50B | +21.9% | $1.15B | 17.7% | $39.00B |
| BIP | $23.10B | +9.8% | $2.53B | 11.0% | $18.06B |
| HII | $13.53B | +12.6% | $733.00M | 5.4% | $11.38B |
| FRO | $1.97B | -8.8% | $379.08M | 19.2% | $10.11B |
| NCLH | $10.16B | +4.9% | $832.94M | 8.2% | $8.23B |
HSHP FAQ
8 questionsWhat is HSHP revenue?
Himalaya Shipping Ltd. (HSHP) reported $131.90M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 6.7% from the year before.Is HSHP profitable?
Yes. Himalaya Shipping Ltd. earned $17.70M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 13.4%.How much cash and debt does HSHP have?
Himalaya Shipping Ltd. reported $32.40M in cash and cash equivalents and $689.20M of debt on its most recent balance sheet in SEC filings.How fast is HSHP revenue growing?
Himalaya Shipping Ltd.'s revenue changed +6.7% in fiscal 2025, to $131.90M.What is HSHP gross margin?
Himalaya Shipping Ltd.'s gross profit was $103.90M on $131.90M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 78.8%.What is HSHP earnings per share?
Diluted earnings per share were $0.38 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did HSHP last report financial results?
The latest statements here come from Himalaya Shipping Ltd.'s 20-F filed on Mar 12, 2026, covering the period ended Dec 31, 2025.Where does this HSHP financial data come from?
Quantisnow builds these statements from the structured XBRL data Himalaya Shipping Ltd. files with the SEC. It is provided for information only and is not investment advice.